Service Corp International (SCI) released its first quarter results on Tuesday, May 4, 2021. The company reported net earnings of $1.33 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 198 percent compared to the same period a year ago.
The company was incorporated in 1962 and is headquartered in Houston, Texas. Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments.
Service International's revenue increased 17 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 41.87% for the first quarter compared to the same period in the previous year, and operating margins increased to 31.61% over the same period. Net earnings for past trailing twelve months were $662.85 million, up 78% from the prior year.
Moving on to the balance sheet, Service International's cash levels jumped 5% for the first quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 24.79% this past year. The current ratio for Service International now stands at 0.46. The company decreased shares outstanding by 5.8%.
Shares of SCI are currently trading around $56.71. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 14.99 and price to book ratio of 5.28.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Wednesday, May 5, 2021.